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March 13, 2014
10:28 EDTLMT, MTRNMaterion says working with Lockheed to qualify as castings supplier for F-35
Materion Brush Beryllium & Composites, a Materion Corporation (MTRN) business, announced it is working with Lockheed Martin (LMT) to qualify as a supplier of proprietary AlBeCast aluminum-beryllium investment castings for the F-35 Lightning IIís Electro-Optical Targeting System.
News For MTRN;LMT From The Last 14 Days
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February 27, 2015
18:10 EDTLMTLockheed Martin, United Technologies JV awarded $2B government contract
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February 25, 2015
12:31 EDTLMTLockheed Martin awarded two Navy contracts totalling $90M
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February 24, 2015
17:19 EDTLMTLockheed Martin awarded $129M government contract modification
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February 23, 2015
13:30 EDTLMTIsrael to purchase another 14 of Lockheed Martin's F-35s, Globes says
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06:42 EDTLMTLockheed Martin to pay $62M to settle retirement plan lawsuit, WSJ says
Lockheed Martin will pay $62M to settle a civil suit alleging its 401(k) plan charged unreasonable fees, reports the Wall Street Journal, citing legal filings and company statements. As part of the settlement, Lockheed will also have to submit monthly evaluations of certain aspects of its plan, offer new low-cost funds, and solicit bids from at least three large firms to serve as administrative managers of the company's retirement plans. Reference Link
February 20, 2015
10:01 EDTMTRNOn The Fly: Analyst Downgrade Summary
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06:06 EDTMTRNMaterion downgraded to Hold from Buy at Jefferies
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February 19, 2015
09:38 EDTLMTLockheed Martin says getting 'very excited' for laser weapon development
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09:13 EDTLMTLockheed says international growth would still be fairly healthy excluding F-35
Lockheed says F-35 makes up "lion's share" of growth internationally and domestically. Lockheed Martin CFO Bruce Tanner is speaking at the Barclays Industrial Select Conference.
08:27 EDTMTRNMaterion sees FY15 adjusted EPS $1.80-$2.00, consensus $2.11
The company comments, "Second half 2014 value-added sales were up 9% over both the prior-year second half and first half of 2014. This high single-digit year-over-year value-added sales growth rate is forecasted to continue into 2015. Additionally, the facility closures and product line rationalization initiatives undertaken in 2013 delivered the expected $0.30 per share net benefit in 2014. The combination of top-line growth and a lower cost structure generated earnings momentum in the second half of 2014, which is expected to continue in 2015. Order entry from automotive electronics has picked up in 1Q15. In addition, we anticipate that our sales for telecommunications infrastructure will be stronger in 2015 as compared to 2014 due to the global buildout of 4G and undersea cable. Offsetting this strength are higher pension expense resulting from lower discount rates and new mortality tables, the strengthening of the U.S. dollar and anticipated softness in the energy market, coupled with slower growth forecasts in Asia and Europe. Despite the above-mentioned headwinds, the company expects at this time adjusted earnings growth of 10-20% in 2015 to the range of $1.80-$2.00 per share."
08:26 EDTMTRNMaterion reports Q4 adjusted EPS 50c, consensus 43c
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07:46 EDTLMTAustralia opens bids for $8B armored vehicle defense contract, WSJ says
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05:55 EDTLMTLockheed Martin on track to cut cost of F35 jets by 30%, Financial Times reports
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February 18, 2015
16:06 EDTLMTLockheed Martin names Dana Jackson as Chief Technology Officer
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